Lebenthal Global Advisors LLC Grows Stock Holdings in Hewlett Packard Enterprise (NYSE:HPE)

Lebenthal Global Advisors LLC grew its holdings in shares of Hewlett Packard Enterprise (NYSE:HPE) by 83.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 36,096 shares of the technology company’s stock after purchasing an additional 16,447 shares during the quarter. Lebenthal Global Advisors LLC’s holdings in Hewlett Packard Enterprise were worth $771,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. RPg Family Wealth Advisory LLC purchased a new position in Hewlett Packard Enterprise during the third quarter worth about $25,000. Valley Wealth Managers Inc. acquired a new position in shares of Hewlett Packard Enterprise during the 3rd quarter valued at about $26,000. Financial Management Professionals Inc. lifted its holdings in shares of Hewlett Packard Enterprise by 80.3% during the 3rd quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company’s stock worth $29,000 after acquiring an additional 637 shares during the period. Rise Advisors LLC boosted its position in shares of Hewlett Packard Enterprise by 45.5% in the third quarter. Rise Advisors LLC now owns 1,999 shares of the technology company’s stock worth $41,000 after acquiring an additional 625 shares during the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new stake in Hewlett Packard Enterprise in the third quarter valued at approximately $48,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Price Performance

Shares of HPE stock opened at $22.98 on Tuesday. Hewlett Packard Enterprise has a twelve month low of $14.47 and a twelve month high of $24.66. The company has a market capitalization of $30.22 billion, a PE ratio of 12.09, a price-to-earnings-growth ratio of 2.27 and a beta of 1.20. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The firm has a fifty day simple moving average of $22.09 and a 200-day simple moving average of $20.42.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Friday, December 20th were paid a dividend of $0.13 per share. The ex-dividend date was Friday, December 20th. This represents a $0.52 annualized dividend and a dividend yield of 2.26%. Hewlett Packard Enterprise’s dividend payout ratio is presently 27.37%.

Analysts Set New Price Targets

HPE has been the topic of a number of recent analyst reports. Susquehanna reaffirmed a “neutral” rating and set a $20.00 price target on shares of Hewlett Packard Enterprise in a research note on Friday, October 11th. Barclays increased their target price on Hewlett Packard Enterprise from $24.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Raymond James upgraded Hewlett Packard Enterprise from an “outperform” rating to a “strong-buy” rating and upped their price target for the stock from $23.00 to $29.00 in a research note on Monday, November 18th. StockNews.com lowered Hewlett Packard Enterprise from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. Finally, Loop Capital increased their target price on shares of Hewlett Packard Enterprise from $18.00 to $24.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Hewlett Packard Enterprise currently has an average rating of “Moderate Buy” and an average price target of $24.00.

Insider Transactions at Hewlett Packard Enterprise

In other news, SVP Jeremy Cox sold 7,771 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $23.00, for a total transaction of $178,733.00. Following the completion of the sale, the senior vice president now owns 61,735 shares of the company’s stock, valued at approximately $1,419,905. This trade represents a 11.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John F. Schultz sold 262,818 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $21.62, for a total transaction of $5,682,125.16. Following the completion of the sale, the executive vice president now directly owns 270,430 shares in the company, valued at $5,846,696.60. This represents a 49.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 332,166 shares of company stock valued at $7,300,629. 0.40% of the stock is currently owned by insiders.

Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.